REDUCING YOUR FLEET COSTS

ECONOMIC FACTS

During the next 12 months, on average 65% of all company vehicles will be involved in a collision or incident. The average vehicle repair costs, following one of these events, can range between Â£750 and Â£5000 per claim.

Reduced operating costs:

Depending on previous claims record, fleet size and composition at the time when insurance premiums is due a reduction in insurance premiums of at least 15% could be expected.

You can also expect:

Reduced fuel consumption/ improvements of between 5% and 20%

Reduced wear and tear on tyres, brakes and clutches etc.

Improved vehicle resale values

Fewer accidents

Reduced accident repair bills

Reduced vehicle hire

Reduced fleet admin

Improve company image by reduced CO2

Improved public image by improving the general condition of vehicle

Protection from prosecutionImproved profit

To most companies the operating costs of vehicle fleet is a major bottom line cost.
Driver training can typically reduce fleet costs by up to 20% in the first year.

(*)For example, a company with a turnover of Â£10M with 4% return on sales, a fleet of 40 vehicles with typical incident rates and costs of repair and admin, needs to generate around Â£ 990,000 in revenue simply to cover the full costs of road traffic accidents alone
.

(*) Source AA

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